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Danos & Curole Marine Contractors, which is based in Lafourche Parish, said it will build a new $10 million headquarters in Terrebonne Parish and is evaluating multiple Louisiana ports as potential sites for a $20 million manufacturing and fabrication facility.
Billions of dollars in capital investment and thousands of jobs are now in the pipeline for the region between Baton Rouge and New Orleans.
It's a direct result of what's happening on the opposite end of the state in northwest Louisiana where the most lucrative crop rotations now rotate around a natural gas well.This is the Haynesville Shale, one of the richest gas discoveries in the world.
Energy Secretary Ernest Moniz said Tuesday he will delay final decisions on about 20 applications, including ones in Louisiana, to export liquefied natural gas until he reviews studies by the Energy Department and others on what impact the exports would have on domestic natural gas supplies and prices.
Chris John, president of Louisiana Mid-Continent Oil and Gas Association, said Moniz’s decision was disappointing.
Liquefied natural gas exports from the U.S. are looking more likely after the Freeport LNG terminal got conditional approval from the Department of Energy, Goldman Sachs Group Inc. (GS) said.
The explosive expansion of drilling of natural gas and oil wells in shale deposits in the United States and Canada using a directional drilling method dubbed “fracking” may have spawned a $30 billion per year expansion of the waste disposal business, waste and investment industry executives were told Monday.
Oil and gas fracking represents a $200 billion-a-year capital investment, and the companies doing the drilling are spending between $20 billion and $30 billion on waste disposal, said Michael Hoffman, managing director at Wunderlich Securities, during a seminar on waste management investment on the first day of the WasteExpo 2013 Conference and Exposition in New Orleans.